Banca Mediolanum S.p.A. (OTCMKTS:BNCDY) Sees Significant Decrease in Short Interest

Banca Mediolanum S.p.A. (OTCMKTS:BNCDY) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 330 shares, a decline of 61.6% from the November 30th total of 859 shares. Based on an average daily volume of 406 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 406 shares, the days-to-cover ratio is presently 0.8 days.

Banca Mediolanum Price Performance

Shares of OTCMKTS BNCDY opened at $44.70 on Friday. The firm’s 50-day moving average price is $42.42 and its 200-day moving average price is $39.18. Banca Mediolanum has a 52-week low of $28.85 and a 52-week high of $45.75.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Banca Mediolanum in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Banca Mediolanum Company Profile

Banca Mediolanum is an Italian banking and financial services group that operates through a network of financial advisors and direct banking channels. The company provides a broad spectrum of retail banking products, including deposit accounts, mortgages, personal loans and consumer credit. In addition to its core banking activities, Banca Mediolanum offers asset management solutions and life and pension insurance products through its subsidiaries.

The institution traces its origins to 1982, when entrepreneur Ennio Doris founded Mediolanum S.p.A.